Related Keywords: cotton bales, cotton prices, fine grades, growing demand of end products, KCA spot rate, Pakistan coton market, private sector commercial exporters, replenish stock, textile and ginning units, trading session
The cotton prices remained stable as buyers in cotton market tried to replenish their stocks with quality lint. Most of the buyers remained busy dealing in fine grades. However, buyers bought all grades during trading session in all stations of Sindh and Punjab, while KCA kept spot rate at Rs 4,950 per maund, traders at Karachi Cotton Association (KCA) said on Wednesday.
The stakeholders in Punjab stations remained eager for fine grades for producing better end products but power outages and load shedding in textile and ginning units slowed down production capacity.
